The Resource Allocation Sub (Policy and Resources) Committee met on Tuesday, 27 January 2026, to discuss a range of financial and operational matters. Key topics included the allocation of funds from the Community Infrastructure Levy Neighbourhood Fund, the City Surveyor's Department's high-level business plan, and the allocation of the On Street Parking Reserve.

Community Infrastructure Levy Neighbourhood Fund Applications

The committee was scheduled to consider applications for funding from the Community Infrastructure Levy Neighbourhood Fund (CILNF). This fund, established in 2014, reserves 15% of CIL receipts for neighbourhood projects. The report indicated that the CILNF Officer Panel had recommended a grant of £212,365 over five years to the Ascension Trust. This funding is intended to support the Bridge Watch programme, which trains volunteers to patrol City of London bridges and provide support to individuals at risk of suicide. The report also noted grants approved under delegated authority by the CILNF Officer Panel since July 2025.

Allocation of On Street Parking Reserve (OSPR)

A report was presented concerning the allocation of funds from the On Street Parking Reserve (OSPR). The Priorities Board recommended an allocation of £150,000 per annum from 2026/27 onwards, subject to a review after five years, to the City Gardens Revenue Budget. This funding is intended to address a shortfall in maintaining the current staffing levels required for the essential maintenance of these green spaces. The report highlighted that the OSPR is in a surplus position, with sufficient funding available to cover this allocation.

Draft High-Level Business Plan 2026-2031 - City Surveyor's Department

The committee was scheduled to review and approve the draft high-level Business Plan for the City Surveyor's Department for the period 2026-2031. This plan, aligned with the Corporate Plan 2024-2029, outlines the department's key activities, including the Real Estate Investment Strategy, the Cyclical Works Programme, and the Corporate Property Asset Management Plan. The plan also details the department's contribution to major corporate initiatives such as the Climate Action Strategy and the demarketisation Bill. The report indicated that the department's operational property assets had been reviewed, with no surplus space identified.

Other Scheduled Discussions

The agenda also included the agreement of public minutes from the previous meeting on 3 November 2025. Additionally, there were provisions for questions on matters relating to the work of the Sub-Committee and any other urgent business that the Chairman considered appropriate.

The meeting was scheduled to move into a non-public session to discuss items including the City Fund 2026/27 Budget and Medium-Term Financial Plan, and the City's Estate 2026/27 Budget and Medium-Term Financial Plan.